Seoul: President Lee Jae Myung on Wednesday called on foreign companies to boost their investments in South Korea, highlighting the nation's market as "still undervalued" with significant growth potential.

According to Yonhap News Agency, Lee conveyed his message during a meeting with seven foreign chambers of commerce, including the American Chamber of Commerce in Korea (AMCHAM), along with senior executives from key foreign-invested firms in Seoul. He emphasized the robust human capital and physical infrastructure of South Korea, which he believes position the country for substantial growth and development.

In addition, President Lee reassured business leaders of his administration's commitment to maintaining peace and stability in the region. He stated that South Korea would avoid unnecessary military confrontations or tensions with North Korea. Lee underlined his intent to preserve regional stability to alleviate concerns about geopolitical risks, even if it requires making "some concessions."